Divaris Real Estate Announces $28.6 Million and 313,510 Square Feet in Completed Transactions for August 2019

Posted on September 16, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 50 transactions totaling $28,553,317 and 313,510 square feet of sold, leased and renewed commercial property throughout Virginia; North Carolina and metropolitan Washington, DC markets in August 2019.

Sales Transactions

  • Former Kmart in Salem, Virginia

    Former Kmart in Salem, Virginia

    Keith Corp. purchased the 86,000-square-foot former Kmart at 1355 West Main St. in Salem, Va, from Sears Holdings for $3,656,000.   Sam McCoy, Brett McNamee and Ali McCrickard represented the seller.

  • Bapa Nova, LLC purchased the 13,130-square-foot former PNC Bank at 107 Free Court in Sterling, Va, from PNC Bank, NA for $1,275,000.   Joe Farina and Amit Grover represented the seller.
  • L&TJ Enterprises purchased a 10,535-square-foot medical office building at 2020 South Independence Blvd. in Virginia Beach from Davidson Physician Associates for $1,065,000.  Jason Oliver represented the seller.
  • Trebour Holdings, LLC purchased the 2,995-square-foot former BB&T branch at 9004 Huguenot Road in Richmond from 9004 Huguenot Road, LLC for $915,000.  Read Goode represented the seller and Cheryle Toy represented the buyer.
  • Joseph Smith, Ltd purchased a 16,527-square-foot office building at 27 West Queens Way in Hampton, Va from TRE Properties, Inc. for $885,000.  Levi Thomson represented the buyer.
  • Richard Levin purchased an assemblage of properties including 11 East Mellen St., 15 East Mellen St. and 14 East County St. in Hampton from Thomas Jackson, Gendolyn Martin and Nancy Jackson for $625,000.   Missy Martinovich represented the buyer.
  • Ironwood Automotive, LLC purchased the 3,500-square-foot former Cosby Auto at 1704 Belleville St. in Richmond from the Trustees for Thomas Anthony Weiler, Sr. and Anna Moore Weiler, for $490,000.  Read Goode and Cheryle Toy represented the seller.
  • Vimal Patel purchased a 2,542-square-foot former 7-Eleven at 13131 Warwick Blvd. in Newport News, Va from MNG Bayview, LLC for $205,000.  George Fox and Kris Fuller represented the seller. Aeri Jai represented the buyer.
  • Ricardo Ortiz & Mayra Sarmiento-Nava purchased the 2,884-square-foot former PNC Bank at 36344 Lankford Highway in Belle Haven, Va, from PNC Bank, NA for $195,000.   Joe Farina and Amit Grover represented the seller.

Lease Transactions

  • Halloween City leased 36,470 square feet of retail space in Parkridge Center at 11096 Bulloch Drive in Manassas, Va.   Joseph Farina and Cassandra Maloney represented the landlord.
  • Aramark leased 13,000 square feet in “The Yard,” an open-air food hall concept at Charlottesville’s 5th Street Station at Fifth St. and Interstate-64 in Charlottesville.   Chickie’s and Pete’s will open its first location in Virginia.  It is also leasing a shipping container for outdoor beverage and food service.  First-in-market companies include Pei Wei Asian Kitchen, Caribou Coffee, BurgerFi, and Wing ZoneAuntie Anne’s is the final concept.  Erica Rorrer, Mary McGovern, Lawrence Agnew and Zach Means represented the landlord.
  • Cantina Laredo leased 7,612 square feet of retail space in the Town Center of Virginia Beach, Block 9 at 4505 Commerce St. in Virginia Beach.   Sezin Cortinas, Gerald Divaris and Erica Rorrer represented the landlord.  Levi Thomson represented the tenant.
  • Cava Mezze Grill leased 2,657 square feet of retail space in Columbus Village Shopping Center at 4485 Virginia Beach Blvd. in Virginia Beach.  Sezin Cortinas, Gerald Divaris and Erica Rorrer represented the landlord.
  • Shannon & Associates, P.C. leased 2,346 square feet of office space at 840 Greenbrier Circle in Chesapeake, Va.   Krista Costa and Nicole Campbell represented the tenant.
  • Marathon Consulting leased 2,334 square feet of office space in the Virginia Mutual Building at 4480 Cox Road in Glen Allen, Va.  Sezin Cortinas and Ali McCrickard represented the tenant.
  • Domoishi leased 2,000 square feet of retail space in the Shops at the Arboretum at 9101 Midlothian Turnpike in Richmond, Va.  Aeri Jai represented the tenant.
  • US Fitness Products leased 2,000 square feet of retail space in Innsbrook Shoppes at 4028 Cox Road in Glen Allen, Va.  The Richmond office of Divaris Real Estate represented the landlord.
  • Specialists for Women leased 1,950 square feet of office space in Harbour Breeze Professional Center at 1510 Breezeport Way in Suffolk, Va.   Krista Costa and Nicole Campbell represented the landlord.
  • FM Solutions leased 1,850 square feet of office space in the Bon Air Professional Building at 2800 Buford Road in Richmond.  Ali McCrickard represented the tenant.
  • Domoishi leased 1,646 square feet of retail space in Denbigh Village Centre at 14346 Warwick Blvd. in Newport News.   Aeri Jai represented the tenant.
  • Defenders, Inc. leased 1,625 square feet of retail space in Executive Cove at 5606 Virginia Beach Blvd. in Virginia Beach.  Kayla Olson represented the landlord.
  • Sonic leased 1,497 square feet of retail space at 805 West Cary St. in Richmond.  The Richmond office of Divaris Real Estate represented the landlord.
  • Choate Construction Company leased 1,350 square feet of retail space in Providence Plaza at 2907 Providence Road in Charlotte.  Charles Neil represented the landlord.
  • Almloff Acupuncture leased 1,311 square feet of office space at 361 Southport Circle in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant. Vivian Turok and Jason Oliver represented the landlord.
  • VeoRide leased 1,200 square feet of office space at 211 North 18th St. in Richmond.   Eric Hammond and Laikyn Severson represented the landlord.
  • The Honey House Boutique leased 1,200 square feet of retail space at 9 East Mellen St. in Hampton.   Missy Martinovich represented the landlord.
  • A+ Kids Fun & Creative Learning Center leased 1,050 square feet of retail space in Garfield Park at 925 North Garfield St. in Arlington, Va.  Rob Gray, Tony Thur and Brandon Howard represented the tenant.
  • Dermalogica leased 999 square feet of retail space at 603 West Knoll Drive in West Hollywood, California.  Maria Hammerson represented the tenant.
  • Ardency Salon leased 870 square feet of retail space at 516 South Independence Blvd. in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
  • Telko Trade leased 678 square feet of retail space in Roosevelt Gardens at 7938 Halprin Drive in Norfolk.  George Fox and Kris Fuller represented the landlord.

Lease Renewals

  • Petsmart renewed its lease for 21,600 square feet at 4421 Virginia Beach Blvd. in Virginia Beach.  Gerald Divaris represented the landlord.
  • Petco renewed its lease for 15,000 square feet of retail space in Wendover Village at 4217 West Wendover Ave. in Greensboro, NC.  Charles Neil represented the landlord.
  • Heart & Soul renewed its lease for 7,679 square feet of retail space at 6147 Jefferson Ave. in Newport News.  Missy Martinovich represented the landlord.
  • Midgett Preti Olansen PC renewed its lease for 5,186 square feet and expanded its premises by 3,084 square feet for a total of 8,270 square feet of office space in Reflections IV at 2901 South Lynnhaven Road in Virginia Beach.   Krista Costa and Vivian Turok represented the tenant.
  • Hallmark Card Shop renewed its lease for 4,600 square feet of retail space in York River Crossing at 2340 York Crossing Drive in Hayes, Va.    Mary McGovern and Aeri Jai represented the landlord.
  • Panera renewed its lease for 4,593 square feet of retail space in Patterson Place at 3603 Witherspoon Blvd. in Durham, NC.  Charles Neil and Diana Teitsma represented the landlord.
  • Juan Holt leased 4,100 square feet of retail space, expanding its premises in Larkspur Square at 4732 Princess Anne Road in Virginia Beach.  Kayla Olsen represented the landlord.
  • Williamsburg Orthodontics, PLLC renewed its lease for 3,931 square feet of office space in the Medical Building of Courthouse Green of Williamsburg at 4097 Ironbound Road in Williamsburg, Va.  Karen Beale, SIOR represented the landlord.
  • Dermalogica renewed its lease for 2,107 square feet of office space at The Atrium at 234 Mall Blvd. in King of Prussia, Pennsylvania.  Michael Divaris and Krista Costa represented the tenant.
  • Ballentyne Nail Spa renewed its lease for 1,405 square feet of retail space in Providence Plaza at 2935 Providence Road in Charlotte.  Charles Neil represented the landlord.
  • Cold Stone Creamery renewed its lease for 1,304 square feet of retail space in Wendover Village at 4203 West Wendover Ave. in Greensboro, NC.  Charles Neil represented the landlord.
  • Metro Elite Corp renewed its lease for 1,250 square feet of retail space at 550 Oyster Point Road in Newport News.   Karen Beale, SIOR represented the landlord.
  • J’s Cleaners renewed its lease for 1,008 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
  • Rita’s Ice renewed its lease for 927 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
  • Commonwealth Insurance Center renewed its lease for 800 square feet of retail space in York River Crossing at 2340 York Crossing Drive in Hayes, Va.  Mary McGovern and Aeri Jai represented the landlord.
  • Tru Fade renewed its lease for 750 square feet of retail space in West Little Creek Shoppes at 129-143 West Little Creek Road in Norfolk.   George Fox and Kris Fuller represented the landlord.

About Divaris Real Estate

Divaris Real Estate, Inc. (http://www.divaris.com) is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases approximately 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

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